News

Thomas O'Donohoe

MX Telecom developed The Sun newspaper's 63000 service, whereby readers can contact the paper with any interesting news, gossip or pictures. Based in west London, MX has also teamed up with television and production companies such as the BBC and Endemol to stream live video to 3G customers. Founded in 2000 by its two directors and owners, O'Donohoe, 30, and Mark Fitzgerald (qv), MX has grown rapidly as a result of its skill in channelling wireless traffic between content providers and mobile networks. In 2006-07 it made more than £382,000 profit on £50.3m sales, but adding the £5.4m directors' pay to the bottom line takes the profit to nearly £7m. On these figures MX is worth £60m. That values the stakes of former derivatives trader Fitzgerald and O'Donohoe, the financial and IT brains, at